Differences in contract law and the additional transaction costs and complexity they generate in cross-border transactions dissuade a considerable number SMEs from expanding into markets of other Member States. These differences are also said to limit competition in the internal market.

This book discusses two major instruments of European contract law that saw the light in 2011: the Consumer Rights Directive (CRD) and the proposal for a Common European Sales Law (CESL). Both instruments aim at improving the internal market.